The MSE Share Index moved back into positive territory with a 1.1 per cent increase to 3,541.448 points mainly due to the 8.4 per cent rally in the share price of International Hotel Investments plc to regain the 84c level albeit on low volumes of 5,000 shares.

The share price of GO plc also continued to advance with a 0.9 per cent rise to the €1.65 level also on low volumes of 4,000 shares.

On the other hand, the share price of Crimsonwing plc slipped by 2.3 per cent from its all-time high of 87c.

The equity initially opened the day at 87c but dropped back to the 85c level on total volumes of just 7,300 shares.

Yesterday, Crimsonwing published its interim results covering the six months ended September 30.

During the period under review, the Crimsonwing Group registered record revenue of €9.86 million which led to a 34.1 per cent increase in EBITDA as well as a 40 per cent rise in pre-tax profits to an all-time high of €0.77 million.

The growth was achieved on the back of some new international contracts. The directors also reported a positive outlook as they expected the group to maintain the strong momentum also during the second half of the year.

Similarly, MIDI plc retreated by 4.2 per cent back to the 25c4 level on only two trades totalling 22,000 shares.

Meanwhile no changes were registered in the share prices of the other four active equities. In the financial sector, Bank of Valletta plc held on to the €2.61 across four trades totalling just under 7,000 shares and HSBC Bank Malta plc maintained the €2.54 level across 19,300 shares.

Malta International Airport plc closed unchanged at the €2.08 level on a deal of 18,500 shares and Island Hotels Group Holdings plc held on to the 89c9 level on a trade of 7,200 shares.

On the bond market, the Rizzo Farrugia MGS Index edged marginally higher today as Eurozone yields continued to drop on hopes of further stimulus as the decline in unemployment (first since February 2011) and higher prices in November were not enough for European Central Bank to start reducing stimulus.

www.rizzofarrugia.com

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